Tagged: finastra

May 20, 2025 @ 5:12 am By Omar Faridi  |  

Finastra, a global provider of financial software applications, and funds advised by Apax Partners LLP, a private equity advisory firm, announced that they have entered into an agreement under which Finastra “intends to sell its Treasury and Capital Markets (TCM) business unit to an affiliate… Read More

March 23, 2025 @ 12:28 pm By Tony Zerucha  |  

This past week, Finastra, a global provider of financial services software applications, and IBM (NYSE: IBM) unveiled their collaboration on an enhanced cloud-based lending managed services offering. Finastra’s Lending Cloud Service (LCS) offers options for its Corporate Lending solutions — Loan IQ, Trade Innovation and… Read More

January 6, 2025 @ 5:09 pm By JD Alois  |  

Finastra has announced that its CEO, Simon Paris, will resign and be replaced by Chris Walters. Paris joined Finastra as president in 2015 and became its chief executive officer in June 2018. Finastra is a global provider of financial services software applications for the full… Read More

November 23, 2024 @ 5:50 pm By Omar Faridi  |  

One of the world’s largest fintechs, Finastra, recently experienced a major data breach. Since Finastra’s solutions have been used across large banking service providers, it is likely that many financial services firms may experience challenges when it comes to user privacy and security. According to… Read More

August 8, 2024 @ 4:05 am By Omar Faridi  |  

Tech Mahindra (NSE: TECHM), a global provider of technology consulting and digital solutions to enterprises across industries, has announced a partnership with Finastra, a global provider of financial software applications and marketplaces, to help corporate banks accelerate their digital transformation journeys. Through the partnership, Tech… Read More

June 26, 2024 @ 8:35 am By Omar Faridi  |  

We recently connected with Venu Appana from global Fintech Finastra, who helped us learn more about embedded lending services. Venu talked about the various concerns about BNPL products. He also helped us gain a better understanding of the overall Fintech industry trends and the current state… Read More

June 24, 2024 @ 8:00 am By Tony Zerucha  |  

Finastra has announced that Bank Midwest, an employee-owned bank with locations throughout Iowa, Minnesota, and South Dakota, has launched OnePlace.bank, a digital bank powered by Finastra, focused exclusively on the financial needs of the healthcare community. The move expands Bank Midwest’s collaboration with the financial… Read More

June 21, 2024 @ 6:09 pm By Omar Faridi  |  

Sumsub has reportedly entered a long-term partnership with Finastra, jointly enabling banking clients to adopt Sumsub’s compliance and anti-fraud solutions. Sumsub has teamed up with Finastra, a global provider of financial software applications and marketplaces, in order to “support financial institutions worldwide with their compliance… Read More

April 29, 2024 @ 7:42 am By Tony Zerucha  |  

This week Finastra, a global provider of financial software applications and marketplaces, unveiled its latest mobile banking software. Next Gen Mobile Banking, a new digital banking experience for community banks and credit unions, offers financial institutions customization options and enhanced security features. With Next Gen… Read More

March 12, 2024 @ 11:43 pm By Omar Faridi  |  

Finastra announced that Jefferson Bank, an independent bank serving communities across Texas, has selected Finastra Payments To Go, a payments-as-a-service solution for its new instant payments services. The cloud-based payments solution will “help Jefferson Bank to efficiently deliver both RTP TCH and FedNow services 24/7,… Read More

February 22, 2024 @ 5:56 pm By Omar Faridi  |  

Finastra’s Filogix team has unveiled new generative AI (Gen AI) capabilities in its Expert Pro Canadian Mortgage Point of Sale (POS) solution. The function automates the creation of borrower narratives (notes) that “aids in lender underwriting – streamlining processes, saving time and minimizing errors for… Read More

February 13, 2024 @ 12:09 pm By Omar Faridi  |  

Finastra, a provider of financial software applications and marketplaces, and Tesselate, a consultancy, have announced the launch of an end-to-end pre-packaged service for faster and easier online trade finance. Tegula Trade Finance as a Service, powered by Finastra Trade Innovation and Corporate Channels, enables US… Read More

November 28, 2023 @ 11:44 pm By Omar Faridi  |  

Finastra’s annual survey reveals that, despite global economic uncertainty, US financial institutions are primed to invest in artificial intelligence (AI), Banking as a Service (BaaS) and embedded finance, “striking an optimistic tone for innovation.” The ‘Financial Services: State of the Nation Survey 2023’ finds that… Read More

October 22, 2023 @ 2:38 pm By Omar Faridi  |  

Finastra, a global provider of financial software applications and marketplaces, is partnering with ELCY, a specialist in e-commerce solutions for the processing of international trade finance, to provide a trade finance solution for corporates. The Corporate Trade Finance Portal from Finastra and ELCY will “enable… Read More

October 15, 2023 @ 5:56 pm By Omar Faridi  |  

We recently sat down with Monica Eaton from Chargebacks911 to gain more insights regarding the partnership between Finastra and Microsoft and how it addresses the requirements of corporate clients. Eaton, founder and CEO at Chargebacks911, also commented on how the collaboration addresses the challenges banks face… Read More

September 7, 2023 @ 10:25 pm By Omar Faridi  |  

Finastra announced that LaserPro, its loan document preparation system used by more than 2,500 financial institutions, is now available in the cloud. This strategic launch of LaserPro in the cloud streamlines loan document compliance management capabilities “for financial institutions with a Software as a Service… Read More

August 9, 2023 @ 6:58 pm By Omar Faridi  |  

Automated Systems Holdings Limited (ASL), a global IT solutions and services provider, has strategically partnered with Finastra, a global provider of financial software applications and marketplaces, “to bolster its industry-specific DevSecOps business and strengthen its fintech trajectory.” Under this partnership, ASL has become “the sole… Read More

July 27, 2023 @ 9:16 am By JD Alois  |  

Fintech software provider Finastra is partnering with MX Technologies – an open banking or “open finance” provider. According to a company statement, Finastra will be integrating MX’s Personal Financial Management (PFM), Insights, and Account Aggregation solutions with Finastra’s Fusion Digital Banking solution. Raymond den Hond,… Read More

July 23, 2023 @ 10:28 pm By Omar Faridi  |  

Finastra, a global provider of financial software applications and marketplaces, announced that Salve Financial Hub SpA (Salve FH), a European payments processing startup based in San Marino, has selected Finastra Essence in order :to reduce payment delays resulting from over compliance.” Finastra‘s SaaS solution, integrated… Read More

July 6, 2023 @ 11:20 am By Omar Faridi  |  

Finastra, a global provider of financial software applications and marketplaces, announces that Melton Building Society has selected Finastra Essence, “deployed on Microsoft Azure cloud, to digitally transform its operations and provide the agility required to quickly implement new services.” Finastra‘s SaaS solution will “enable the… Read More